NPORT-P
false
0001217673
XXXXXXXX
S000060170
C000196927
C000196928
C000196929
BARON SELECT FUNDS
811-21296
0001217673
549300U6KWVIU0PW2H88
767 FIFTH AVE
49TH FL
NEW YORK
10153
212-583-2000
Baron Real Estate Income Fund
S000060170
549300EWYY8GKC701E67
2025-12-31
2025-06-30
N
239905746.83
78813.13
239826933.70
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
10962.60000000
N
Independence Realty Trust Inc
549300Z3L8NU44NQEB29
Independence Realty Trust Inc
45378A106
235790.00000000
NS
USD
4171125.10000000
1.739222962012
Long
EC
US
N
1
N
N
N
Equity Residential
5493008RACSH5EP3PI59
Equity Residential
29476L107
104133.00000000
NS
USD
7027936.17000000
2.930419891366
Long
EC
US
N
1
N
N
N
Welltower Inc
254900F33BIAR82QTA19
Welltower Inc
95040Q104
143036.00000000
NS
USD
21988924.28000000
9.168663394373
Long
EC
US
N
1
N
N
N
UDR Inc
P3CH2EG5X6Z1XWU1OO74
UDR Inc
902653104
58660.00000000
NS
USD
2395087.80000000
0.998673402961
Long
EC
US
N
1
N
N
N
Ventas Inc
ORQTRC074CWLT3DKHT41
Ventas Inc
92276F100
90610.00000000
NS
USD
5722021.50000000
2.385896117555
Long
EC
US
N
1
N
N
N
Brookfield Asset Management Ltd
549300CZ84WPNJZKY093
Brookfield Asset Management Ltd
113004105
50239.00000000
NS
USD
2777211.92000000
1.158006683050
Long
EC
CORP
CA
N
1
N
N
N
GDS Holdings Ltd
391200MGV8DDCHTN2R77
GDS Holdings Ltd
36165L108
150987.00000000
NS
USD
4615672.59000000
1.924584749006
Long
EC
CORP
KY
N
1
N
N
N
Vail Resorts Inc
529900PSZHRNU9HKH870
Vail Resorts Inc
91879Q109
22284.00000000
NS
USD
3501484.92000000
1.460004873505
Long
EC
CORP
US
N
1
N
N
N
BXP Inc
549300OF70FSEUQBT254
BXP Inc
101121101
73608.00000000
NS
USD
4966331.76000000
2.070798172407
Long
EC
US
N
1
N
N
N
Prologis Inc
529900DFH19P073LZ636
Prologis Inc
74340W103
153169.00000000
NS
USD
16101125.28000000
6.713643472647
Long
EC
US
N
1
N
N
N
American Homes 4 Rent
549300ZJUO7A58PNUW40
American Homes 4 Rent
02665T306
98224.00000000
NS
USD
3542939.68000000
1.477290154754
Long
EC
US
N
1
N
N
N
Terreno Realty Corp
N/A
Terreno Realty Corp
88146M101
39832.00000000
NS
USD
2233380.24000000
0.931246630869
Long
EC
US
N
1
N
N
N
Toll Brothers Inc
529900JB6IS9MSZGVR44
Toll Brothers Inc
889478103
32315.00000000
NS
USD
3688110.95000000
1.537821833895
Long
EC
CORP
US
N
1
N
N
N
Goodman Group
N/A
Goodman Group
000000000
115675.00000000
NS
2607848.61000000
1.087387713200
Long
EC
AU
N
2
N
N
N
Fixed Income Clearing Corp
549300H47WTHXPU08X20
FIXED INC CLEARING CORP.REPO
000000000
5281365.03000000
PA
USD
5281365.03000000
2.202156758842
Long
RA
CORP
US
N
2
Repurchase
N
3.85000000
2025-07-01
5220100.00000000
USD
5386992.33000000
USD
UST
N
N
N
American Tower Corp
5493006ORUSIL88JOE18
American Tower Corp
03027X100
97677.00000000
NS
USD
21588570.54000000
9.001728958018
Long
EC
US
N
1
N
N
N
American Healthcare REIT Inc
2549004GGE2APGNT6O92
American Healthcare REIT Inc
398182303
131675.00000000
NS
USD
4837739.50000000
2.017179399062
Long
EC
US
N
1
N
N
N
Host Hotels & Resorts Inc
N6EL63S0K3PB1YFTDI24
Host Hotels & Resorts Inc
44107P104
383455.00000000
NS
USD
5889868.80000000
2.455882960738
Long
EC
US
N
1
N
N
N
Elme Communities
549300DI34BGS8LVKW95
Elme Communities
939653101
156575.00000000
NS
USD
2489542.50000000
1.038057928520
Long
EC
US
N
1
N
N
N
Iron Mountain Inc
SQL3F6CKNNBM3SQGHX24
Iron Mountain Inc
46284V101
70713.00000000
NS
USD
7253032.41000000
3.024277673112
Long
EC
US
N
1
N
N
N
Vornado Realty Trust
N/A
Vornado Realty Trust
929042109
192020.00000000
NS
USD
7342844.80000000
3.061726506992
Long
EC
US
N
1
N
N
N
Brookfield Corp
C6J3FGIWG6MBDGTE8F80
Brookfield Corp
11271J107
145497.00000000
NS
USD
8998989.45000000
3.752284745989
Long
EC
CORP
CA
N
1
N
N
N
Macerich Co/The
529900PSWCB5KI0JYU46
Macerich Co/The
554382101
263282.00000000
NS
USD
4259902.76000000
1.776240347270
Long
EC
US
N
1
N
N
N
SBA Communications Corp
5299001HX8ZN8Y8QIT49
SBA Communications Corp
78410G104
9100.00000000
NS
USD
2137044.00000000
0.891077564571
Long
EC
US
N
1
N
N
N
Wynn Resorts Ltd
254900CEKKWIHTEAB172
Wynn Resorts Ltd
983134107
56233.00000000
NS
USD
5267345.11000000
2.196310910011
Long
EC
CORP
US
N
1
N
N
N
Blackstone Inc
5299004LW4QWGZUB8Y96
Blackstone Inc
09260D107
21607.00000000
NS
USD
3231975.06000000
1.347628062510
Long
EC
CORP
US
N
1
N
N
N
VICI Properties Inc
254900RKH6RY9KCJQH63
VICI Properties Inc
925652109
159441.00000000
NS
USD
5197776.60000000
2.167303113044
Long
EC
US
N
1
N
N
N
Simon Property Group Inc
529900GQL5X8H7AO3T64
Simon Property Group Inc
828806109
59520.00000000
NS
USD
9568435.20000000
3.989725028953
Long
EC
US
N
1
N
N
N
Smartstop Self Storage REIT Inc
549300EC266625K12S42
Smartstop Self Storage REIT Inc
83192D402
239100.00000000
NS
USD
8662593.00000000
3.612018411091
Long
EC
US
N
1
N
N
N
Blackstone Mortgage Trust Inc
549300OLDJ20R2Y2UW20
Blackstone Mortgage Trust Inc
09257W100
237926.00000000
NS
USD
4580075.50000000
1.909741924870
Long
EC
US
N
1
N
N
N
Agree Realty Corp
N/A
Agree Realty Corp
008492100
42697.00000000
NS
USD
3119442.82000000
1.300705793079
Long
EC
US
N
1
N
N
N
EastGroup Properties Inc
31TIGQQZC4P6JMHKSW85
EastGroup Properties Inc
277276101
56445.00000000
NS
USD
9433088.40000000
3.933289832992
Long
EC
US
N
1
N
N
N
Digital Realty Trust Inc
549300HKCZ31D08NEI41
Digital Realty Trust Inc
253868103
42766.00000000
NS
USD
7455396.78000000
3.108657007359
Long
EC
US
N
1
N
N
N
Las Vegas Sands Corp
549300DUOO1KXOHPM605
Las Vegas Sands Corp
517834107
14499.00000000
NS
USD
630851.49000000
0.263044471389
Long
EC
CORP
US
N
1
N
N
N
Equinix Inc
549300EVUN2BTLJ3GT74
Equinix Inc
29444U700
20900.00000000
NS
USD
16625323.00000000
6.932216804638
Long
EC
US
N
1
N
N
N
CRH PLC
549300MIDJNNTH068E74
CRH PLC
000000000
46730.00000000
NS
USD
4289814.00000000
1.788712357622
Long
EC
CORP
IE
N
1
N
N
N
Invitation Homes Inc
N/A
Invitation Homes Inc
46187W107
158035.00000000
NS
USD
5183548.00000000
2.161370251468
Long
EC
US
N
1
N
N
N
2025-07-31
BARON SELECT FUNDS
Christopher Snively
Christopher Snively
Chief Financial Officer and Treasurer